The anti-corruption compliance programmes and its impacts in the organisations

Abstract

Corruption is a pandemic problem worldwide, even though some researchers suggest
that it could help economies, it has been proved by several scholars that corruption
negatively affect organisations by deterring performance, increasing internal cost,
causing harassment by corrupt government, and limiting innovation and growth. Efforts
to combat corruption have been made by international non- governmental
organisations and governments by introducing new anticorruption laws and increasing
enforcement. Anti-corruption compliance programmes have been adopted by
organisations as a measure to reduce criminal liability in corruption investigations.
However, some scholars suggested that compliance programmes have a broader
impact. This research empirically explored the impacts of the anti-corruption
compliance programmes beyond regulatory compliance. The findings suggested that
anti-corruption compliance programmes have positive effects in the organisation’s
financial performance, and key stakeholders such as suppliers, competitors and
investors.